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USDJPY 4-10-2023 .

Technical Analysis
By Shady Fouad
0 64


USDJPY 4-10-2023 .
The prices are still trading between the boundaries of an ascending price channel. The lower boundary of this channel was tested in yesterday’s trading session. It is also noted that the upper boundary of the channel coincides with an important resistance area in the range of 150.50. The prices facing a selling pressure in this area, which limits the upward momentum. It is expected that the selling pressure will continue to appear at the aforementioned resistance area until it is broken.

Support

 148.50 147.90

147.15
Resistance 150 152

–
Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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